The April crash of the Shanzhai market basically wiped out all the leverage, and then the market took more than a month to slowly recover. As a result, it returned to the pre-liberation period in the early hours of the night before last. Before the Fed cut interest rates, liquidity was always limited, and the difficulty of Shanzhai operations was really hell-level. The reason why the big cake fell below 70,000 was because the non-agricultural data exceeded expectations, which led to a significant reduction in the market's expectations of interest rate cuts. From the perspective of the market, the weak shock after the decline should not have a big drop for the time being, but it will continue to fluctuate until the CPI data next week comes out. The market will choose a direction. I think Bitcoin may fall to 68,000 again. BTC 65,000-66,000 is the support for next week. If this support cannot be maintained, it will be very dangerous. This is my personal opinion, for reference only.
In a bull market, fluctuations are inevitable. The ups and downs and roller coasters are nothing more than throwing people off or exploding leverage. The decline is short-lived and will eventually rise back. There is no need to worry or fear. However, for the time being, the Fed has not cut interest rates, the market liquidity is insufficient, and only partial increases are possible. The operation is difficult, but as long as the target is fine, there will be satisfactory gains sooner or later. Hold on patiently. I wish you all a happy Dragon Boat Festival in advance! Zong Zong Day! Every friend has made a lot of money in the currency circle #非农就业人数高于预期 #美联储何时降息？ #meme板块关注热点 #现货以太坊ETF获美SEC批准 #美国4月核心PCE指标显示通胀放缓 $SOL $ETH
